So what is going on (I did catch up on the recent threads, yesterday). Got a holding statement that I now own 3000 CFUU. I bought a large (for me) shortfall at the last CR, so I am probably not in such a bad position as many LT holders.
I always thought that with the heating benefit and transmission efficiency gains, their IP looked promising as a kind of half-way house, in the transition from fossil fuels to renewables and battery storage. Then Elon Musk came along, and the East Coast gas prices surged.
Interesting to read the minutes on the new CFCL website and learn that the IP was considered redundant and not worth anything.
I always thought that this was a total loss. Are we realistically looking at a 1 : 50 dilution in the value of our holdings, or am I dreaming?
What do U know or expect will eventuate, from here?
CFU Price at posting:
0.4¢ Sentiment: None Disclosure: Held